GLUX.DE vs. MWRD.L
GLUX.DE (Amundi S&P Global Luxury UCITS ETF EUR) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - GLUX.DE is a Consumer Staples Equities fund tracking the S&P Global Luxury, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. GLUX.DE charges 0.25%/yr vs 0.08%/yr for MWRD.L.
Performance
GLUX.DE vs. MWRD.L - Performance Comparison
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Different Trading Currencies
GLUX.DE is traded in EUR, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
GLUX.DE
- 1D
- -0.12%
- 1M
- 1.10%
- YTD
- -7.03%
- 6M
- -6.73%
- 1Y
- 3.68%
- 3Y*
- -0.97%
- 5Y*
- 0.25%
- 10Y*
- 9.44%
MWRD.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLUX.DE vs. MWRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLUX.DE Amundi S&P Global Luxury UCITS ETF EUR | -7.03% | 2.34% | 4.43% | 11.98% | -19.34% | 32.41% | 23.80% | 33.53% | -9.13% | 11.40% |
MWRD.L Amundi Index MSCI World | 0.00% | 0.00% | -0.25% | 19.99% | -13.98% | 32.66% | 5.77% | 31.36% | -5.45% | 5.48% |
Correlation
The correlation between GLUX.DE and MWRD.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017 | 0.62 |
The correlation between GLUX.DE and MWRD.L shifts across timeframes, from 0.27 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLUX.DE vs. MWRD.L — Risk / Return Rank
GLUX.DE
MWRD.L
GLUX.DE vs. MWRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Luxury UCITS ETF EUR (GLUX.DE) and Amundi Index MSCI World (MWRD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GLUX.DE | MWRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | — | — |
| Martin ratioReturn relative to average drawdown | 0.39 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLUX.DE | MWRD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | — | — |
Drawdowns
GLUX.DE vs. MWRD.L - Drawdown Comparison
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Drawdown Indicators
| GLUX.DE | MWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.20% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.20% | — | — |
Current DrawdownCurrent decline from peak | -14.70% | — | — |
Average DrawdownAverage peak-to-trough decline | -9.35% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | — | — |
Volatility
GLUX.DE vs. MWRD.L - Volatility Comparison
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Volatility by Period
| GLUX.DE | MWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | — | — |
GLUX.DE vs. MWRD.L - Expense Ratio Comparison
GLUX.DE has a 0.25% expense ratio, which is higher than MWRD.L's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GLUX.DE vs. MWRD.L - Dividend Comparison
Neither GLUX.DE nor MWRD.L has paid dividends to shareholders.
Frequently Asked Questions
GLUX.DE and MWRD.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.25% for GLUX.DE.
GLUX.DE is categorized as Consumer Staples Equities, while MWRD.L is Global Equities. GLUX.DE tracks S&P Global Luxury, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for GLUX.DE and 0.08% for MWRD.L.
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